Caddo Parish Sheriff’s Office will host its annual tax sale online on June 7

Shreveport, LA – According to the CPSO officials, the auction opens at 8 a.m. and closes at 8 p.m., subject to a sliding close.

Over 1,500 properties are slated for auction. The sale (at is open to the public, and registration is free. 

CPSO officials have announced that the auction price is fixed at tax, interest, costs and other impositions due, so instead of competitive price bidding, ownership interest in property is bid down.

The winning bid is the least percent ownership bid on any property. Winning bidders receive tax title certificates, an interest-bearing investment returning five percent and one percent per month until paid.

If not repaid within three years, the purchaser receives property ownership in the amount equal to percent bid at auction, subject to the taxes being paid.

Delinquent taxpayers have until 5 p.m. on June 6, 2022 to pay any outstanding tax bills. Unpaid taxes will be subject to sale.

Properties that go through a tax sale incur additional fees. Homestead exemption is also removed due to a sale.

More information here.

This is a developing story and it will be updated as new information become available.